Daily Breakpoints - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
This is a good H1 schedule. If the last bar breaks the point we set, the EA will be executed at the new bar.
The breakout is calculated by the first bar of the position on the opening day representing the value set in the breakpoint parameter.
The policy conditions are:
Parameter description:
Example of buying when breakpoint occurs.
When we set BreakPoint to 20 and the opening price is 0.6924, a buy position should be opened if the last bar breaks [Open Day Points + Breakpoint] which is equal to 0.6944 . Check the screenshot below.
suggestion:
Attachment download
📎 breakpointv.mq4 (9.44 KB)
Source: MQL5 #13821
Daily Breakpoint - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resource Usage and Screening Suggestions
Daily Breakpoint - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 resources are MT4 EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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